In a interesting twist a storage company has purchased a security company. Nothing like some market symmetry. EMC has shelled out $2.1 billion for the control of security company RSA.
With the takeover, EMC said, it will create a company that can help organizations securely manage their information. EMC is a large provider of data storage products, while RSA sells identity and access management technologies, such as its SecurID tokens, as well as encryption and key management software. EMC CEO Joe Tucci said on a conference call: “EMC is where information lives and tomorrow EMC will be the company where information lives securely.”
It would appear that Symantec has some competition for the storage security market. It will be interesting if they will be able to avoid the pitfalls that Symantec had encountered, such as the tax bill from hell.
[tags]EMC, RSA, Joe Tucci, Symantec, Take over[/tags]
